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Joel is 30 years old and has worked at ABC Co. for the last five years. He is a member of their defined contribution pension

Joel is 30 years old and has worked at ABC Co. for the last five years. He is a member of their defined contribution pension plan. He currently has $33,000 invested in his DCPP, 40% of the funds are in bonds and 60% in Canadian and US stocks. He has a TFSA with a balance of $12,000 where he has been doing some day trading of technology stocks. Joel also has $5,000 in Canada Savings Bonds and $10,000 in a money market mutual fund. What is his current asset allocation?

  1. 25% in cash, 22% in fixed income and 53% in equities
  2. 25% in cash, 30% in fixed income and 45% in equities
  3. 17% in cash, 30% in fixed income and 53% in equities
  4. 17% in cash, 22% in fixed income and 61% in equities

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